EX GM Exec Lutz: Feds Told GM To Drop Pontiac Or No Bailout

[trademaster]

Originally Posted by Russo

what the Federal Reserve does is keep interest rates artificially low.. don't give them credit for preventing a collapse, the collapse hasn't happened yet.. the Fed is only prolonging it with added damage.. the Federal Reserve is like a drug dealer, and the American people, businesses, and government are like the drug addicts.. the more cheap credit the Fed provides, the more inflation we have and the bigger the market bubbles get (housing in 2008 is a perfect example).. nobody wants the cure because that means we have to go through detox.. but eventually, the debt based consumption of an economy will come to an end.. not to turn the thread political, but Woodrow Wilson is the worst president we had... The Federal Reserve Act and 16th amendment are destroying this country.. if you want to know more about how bad the Fed is youtube Peter Schiff..

The sub-prime mortgage crisis in 2007 is more directly a result of Gramm-Leach-Bliley than the Federal Reserve Act. You can thank President Clinton for that one. Armchair economists always blame the fractional reserve system, but never present any reasonable solutions. Unless the entire world decides to abandon central banking at once, which will never happen, the United States doing so would result in complete collapse. Even then, commodity-backed currencies which are subject to exponentially higher speculation and discovery rates than half a century ago isn't exactly ideal. Look at the volatility of gold in any pricing index.

You should be cautious of blindly following the economic doctrine of a man trying to sell books and bring in clients for EPC; a firm which incurred enormous losses for investors by betting on short-term hyperinflation and appreciation of foreign currency against the dollar surrounding the financial crisis. You should educate yourself with data and theory, come to your own conclusions rather than relying on the interpretations of others with obvious conflicts of interest.

Originally Posted by Russo

if unions are not the problem, then why do they always strike when they don't get what they want? you can look at the auto, teacher, postal, rail way, etc unions.. they all promote their agenda over what the market calls for against the private industry... it's why in the postal service, they can pay someone $90,000 a year to put paper into metal containers..

Unions are part of the problem.

[Russo]

Originally Posted by trademaster

The sub-prime mortgage crisis in 2007 is more directly a result of Gramm-Leach-Bliley than the Federal Reserve Act. You can thank President Clinton for that one. Armchair economists always blame the fractional reserve system, but never present any reasonable solutions. Unless the entire world decides to abandon central banking at once, which will never happen, the United States doing so would result in complete collapse. Even then, commodity-backed currencies which are subject to exponentially higher speculation and discovery rates than half a century ago isn't exactly ideal. Look at the volatility of gold in any pricing index.

You should be cautious of blindly following the economic doctrine of a man trying to sell books and bring in clients for EPC; a firm which incurred enormous losses for investors by betting on short-term hyperinflation and appreciation of foreign currency against the dollar surrounding the financial crisis. You should educate yourself with data and theory, come to your own conclusions rather than relying on the interpretations of others with obvious conflicts of interest..

Originally Posted by trademaster

Unions are part of the problem.

I covered this in my original post

[trademaster]

EDIT: You know what, nevermind. This will never end.

[mlee]

Originally Posted by trademaster

EDIT: You know what, nevermind. This will never end.

Sure it will...

Final sell back of stocks complete...

http://wot.motortrend.com/1312_u_s_b...ing_stock.html